In 2024, the technology sector experienced significant transformations, particularly in the realm of artificial intelligence (AI). Major developments were observed in products such as OpenAI’s ChatGPT, Google’s Gemini, and Anthropic’s Claude, all of which received substantial updates over the course of the year. Industry stakeholders invested billions into the development of more advanced AI models, indicative of the technology's escalating importance in business practices and society at large.
The noteworthy achievements were not limited to commercial advancements. Researchers behind Google’s AlphaFold, an AI initiative focused on protein folding, received the Nobel Prize in Chemistry for their groundbreaking work, highlighting the crucial role AI plays in scientific discovery and advancement.
Concurrently, the tech industry faced its own set of challenges. Tensions between technology companies and regulatory bodies intensified, with significant clashes occurring as firms navigated the evolving legal landscape. A notable trend was the rise of the “founder mode” movement, in which tech executives demonstrated a tendency towards micromanagement, reverting to a more hands-on style of leadership in response to external pressures.
As 2024 progressed, the political landscape in the United States shifted alongside these technological changes. An emerging “tech right” began to coalesce around the former president, Donald J. Trump, as he secured election victory once again. Many in the tech sector sought to align themselves with the incoming administration, anticipating that fostering a closer relationship would lead to a more favourable regulatory environment.
In an effort to celebrate positive technological developments, the New York Times highlighted several AI projects. Among these, Epoch AI emerged as a prominent nonprofit research organisation that has garnered acclaim for its role in providing reliable data and insights surrounding the AI boom. Their contributions have been particularly valuable to lawmakers, academics, and the general public, enhancing the understanding of the rapidly evolving AI landscape. The recognition of Epoch AI reflects a continued commitment within the industry to ensure that advancements in technology are matched by efforts to increase transparency and informed policymaking.
As the year progresses, the interplay between rapid technological advancements, political dynamics, and regulatory environments is expected to continue shaping the business landscape, influencing practices across various sectors.
Source: Noah Wire Services